Furniture just like auto has depreciation. Most of the used or reupholstered furniture is bought not based on “mileage” or manufacturing date. But, furniture is rather bought and sold based on condition. The fabric of the upholstered furniture or the leather condition of leather furniture could play a key role in value determination. Some leather sofa’s and chairs have no cuts while others might be torn from place to place. Some furniture has a bad odor while others have been maintained or used less frequently to develop any odor. Some furniture like reclining chairs or spring mattress has lost its functionality due to use or misuse while others retain the elasticity for a mattress or powered operation in terms of reclining chairs. The wood for framing furniture also depreciates over a period of time and this is another factor in depreciation expense. Not to mention, a part of the wood chipping off to leave any nails exposed. Some furniture developsbed bugs or other insects which makes this kind of furniture obsolete. Though there are many things that may go wrong with the furniture, the impulse of buying new furniture at high prices is underrated. Leather furniture among all is simply irresistible. The leather is a popular upholstery material whether synthetic or animal product. Furniture to auto seats, marine upholstery to leather products, leather promises durability, aesthetics, and comfort. Unlike other fabric, leather is waterproof, usually odor free and easily matches paint color is mostly residential and commercial locations. However, leather also has its loops. A cut on a leather car seat is easily visible and may depreciate the used auto value significantly. Leather furniture in a home with pets is probably a risk. Most pets like cats and dogs have sharp and strong claws as well as significantly strong biting force. They may damage leather furniture in an instant. Moreover, leather furniture just like any other fabric-based upholstery may be damaged while moving. All these factors contribute to furniture depreciation.